(1) The University of Louisville shall provide:
(a) Upon approval of the Council on Postsecondary Education, associate and baccalaureate degree programs of instruction;
(b) Upon approval of the Council on Postsecondary Education, master's-degree programs, specialist degrees above the master's-degree level, doctoral degree programs, and joint doctoral programs in cooperation with other public institutions of higher education;
(c) Upon approval of the Council on Postsecondary Education, professional degree programs including medicine, dentistry, law, engineering, and social professions.
(2) The University of Louisville is authorized to provide programs of a community college nature in its own community comparable to those listed for the community college system as provided in this chapter.
(3) The University of Louisville shall continue to be a principal university for the conduct of research and service programs without geographical limitation but subject to the implied limitation of KRS 164.125(2).